Ex-Deutsche Bank Trader Pleads Guilty to Metals Spoofing, Wire Fraud

[kreslik.news]

Deutsche Bank has found itself facing a new situation, after one of its former traders, David Liew, submitted a guilty plea to a US Federal Court today. Liew pled guilty to spoofing gold, silver, and other metals futures while working at the lender, as he conspired to manipulate market prices.

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Mr. Liew originally began working at Deutsche Bank back in 2009 and was eventually placed at the group’s metals trading deck, a role which includes working with both base and precious metals. His tenure with the bank saw him engage in spoofing for ... (read more)